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Bentley Commerce Corporation to Acquire an Equity Interest in CollectAChek, Premier Check Collection and Cash Management Specialists.


Business Editors

LOS ANGELES--(BUSINESS WIRE)--April 21, 2004

Bentley Commerce Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BLYC), the leader in online trade and barter, has agreed to purchase a 20% equity interest in 1210 N. Congress Corporation DBA, CollectAChek, (www.collectachek.com), a cash flow management company that pioneered free NSF NSF - National Science Foundation  (Non Sufficient Funds) check recovery services for businesses, in an exchange of stock.

When banking regulations changed three years ago, CollectAChek, developed a system to recover 100% of the face value of NSF consumer checks, up to $2,500, at no cost to businesses. CollectAChek recovers bounced checks Ask a Lawyer

Question
Country: United States of America
State: Florida

I have recently found out that a check I wrote over a year ago bounced and never got paid and that I have a warrant out for my arrest.
 electronically for merchants by debiting NSF writers' bank accounts for the full face value of the check, together with a state-authorized fee it receives. In addition to getting back the full value of NSF checks NSF check

A check not honored by the bank on which it was written because of insufficient funds in the drawer's account. An NSF check is an overdraft.
 that are collected, this often allows merchants to accept consumer checks without a costly guarantee service or expensive collection agencies.

CollectAChek recovers checks for a wide range of businesses that include: Discount Tire, Meineke Car Care Centers Meineke is a company which runs a franchise chain of automotive service centers. Sevices offered at Meineke include replacing mufflers, brake work, oil changes, and other basic automobile maintenance. George Foreman has been the spokesperson for Meineke since 1993. , Goodwill Industries, Subway, Fantastic Sams, Supercuts, Le Gourmet Chef, Kelly-Moore Paints Kelly-Moore Paints is a paint manufacturing company founded in San Carlos, California in 1946. They currently operate 164 stores, with new stores built every month, and are the largest employee owned company in the United States. , Boys & Girls Clubs of America, and Jackson Hewitt An editor has expressed concern that this article or section is .
Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and
 Tax Services. CollectAChek's electronic system of re-presentment of NSF checks is faster, avoids paying second bounce fees and typically recovers about 70% of NSF checks, which is about twice as many as traditional methods -- and is a FREE service.

In addition to recovering NSF consumer checks for free, NSF business-to-business checks for an unlimited amount can also be recovered by CollectAChek for 10% of the face amount of the check plus the state allowed fee. This is considerably less than the fees typically charged by traditional commercial collection agencies. Third party checks, which are usually payroll checks that merchants accept, can be recovered in a similar manner.

"CollectAChek is the perfect adjunct to the business services we are offering," said Gordon Lee Gordon Lee may refer to:
  • Gordon Lee (footballer) (1934–)
  • Gordon Lee (congressman) (1859–1927), U.S. congressman from Georgia
  • Gordon Lee (politician), Canadian MLA from Athabasca
, Bentley Commerce's Chairman. "By acquiring an equity interest in CollectAChek, we will have a great incentive to promote its NSF recovery services to the estimated 50,000 companies that trade through the exchanges on our Bentley Crump crump  
v. crumped, crump·ing, crumps

v.tr.
1. To crush or crunch with the teeth.

2. To strike heavily with a crunching sound.

v.intr.
 Barter Network, and offer CollectAChek's comprehensive range of other valuable ancillary cash management services throughout our business network."

Bentley Commerce is acquiring its equity in CollectaChek with an exchange of stock with two of CollectAChek's founders. Robert Schumacher, president of Bentley Commerce Corporation, one of the founders of CollectAChek, is exchanging his 10% interest in CollectAChek for Bentley Commerce Corporation shares.

Services Bentley will offer with CollectAChek include:

-- FREE Recovery of NSF Checks -- electronic re-presentment of

NSF checks is faster, avoids paying second bounce fees and

returns a higher recovery rate for merchants than traditional

methods -- and is a FREE service.

-- Check Verification -- By using a check-reading device at the

point of sale, businesses will know within seconds if they

should accept a customer's check or ask for a different form

of payment.

-- Consolidated Returns -- For merchants who experience a high

volume of returned checks per month, their NSF checks can be

consolidated into one account. This can reduce or even

eliminate bank fees for returned checks, and significantly

increase the recovery rate for NSF checks.

-- Check Guarantee -- Checks are a popular form of payment and

are the preferred non-cash payment method at the retail

point-of-sale. A check guarantee service provides a simple and

economical way to increase revenue at a place of business by

accepting checks.

-- Point of Purchase (POP) Checks -- With POP Checks, the cashier CASHIER. An officer of a moneyed institution, who is entitled by virtue of his office to take care of the cash or money of such institution.
     2. The cashier of a bank is usually entrusted with all the funds of the bank, its notes, bills, and other choses in
 

runs a check through the same verification process and uses

the customer's bank information to debit their account

electronically. Customers sign a credit card-like receipt

authorizing the electronic debit to their accounts. Since the

check is no longer needed, the merchant returns it to the

customer along with the receipt.

-- Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account.  Services -- Businesses that accept debit cards

enjoy reduced fees compared with other card payment options,

guaranteed payment of funds (no returned checks), higher

margin sales and increased impulse sales, cash-back option,

and payment of funds to the merchant-designated financial

institution usually within 24 hours.

-- Repetitive Payments (ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to ) -- Automatic processing for

receivables and payables, through the Automated Clearing House See ACH.  

(ACH) Network, places a business in complete control of its

cash flow. Monthly or periodic payments improve cash flow,

reduce costs and enhance customer service.

-- Accounts Receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying  Conversion (ARC) -- Merchants who receive

a high-volume of checks, either by mail or at the point of

sale, will be able to convert them into electronic checks

through CollectAChek's software and services. This is

considerably faster than processing paper checks that must be

physically handled. It reduces banking fees, as well as speeds

up the time in which the merchant receives their funds.

About Bentley Commerce Corporation:

Bentley Commerce Corp. is a business-to-business, Internet e-commerce company that is establishing a new marketplace and distribution channel for worldwide barter and trade. Through the development of a seamlessly integrated family of online barter services, it envisions that most barter transactions can be handled over the Internet in real time, with its proprietary VirtualBarter software. Bentley intends to serve as a clearinghouse for barter trades for Fortune 500 trading partners, scores of existing retail barter exchanges that serve companies of all sizes, corporate barter companies that serve large multinational corporations

Main article: multinational corporations

  • ABB
  • ABN-Amro
  • Accenture
  • Aditya Birla
  • Affiliated Computer Services Inc
  • Airbus
  • Allianz
  • Altria Group
  • American Express
  • Akzo Nobel
  • Apple Inc.
, trade associations and their member companies, as well as media and travel agencies.

Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
:

With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guaranties that such events will occur or that the Company will achieve such results. For more information about this corporation and risks involved in the investment of their publicly traded shares, please see the company's website(s), and/or documents filed with the SEC, which are easily accessible in the EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king.  database system.
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Publication:Business Wire
Date:Apr 21, 2004
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